Scream USD Cryptocurrency Forecast
High volatility in Scream USD cryptocurrency price on Saturday which ended trading at $0.86
(Updated on May 18, 2024)
The Scream USD cryptocurrency price gained 9.73% on the last trading day (Saturday, 18th May 2024), rising from $0.784 to $0.86. During the last trading day the cryptocurrency fluctuated 12.92% from a day low at $0.767 to a day high of $0.87. The price has risen in 5 of the last 10 days and is up by 25.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 544 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $2.61 thousand.
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -31.11% during the next 3 months and, with a 90% probability hold a price between $0.388 and $0.81 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SCREAMUSD Signals & Forecast
Mostly positive signals in the chart today. The Scream USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.717 and $0.757. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 34.26%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Scream USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Scream USD cryptocurrency
Scream USD finds support from accumulated volume at $0.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $0.0992 between high and low, or 12.92%. For the last week, the cryptocurrency has had daily average volatility of 6.42%.
Our recommended stop-loss: $0.83 (-3.50%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (SCREAMUSD) For The Upcoming Trading Day Of Sunday 19th
For the upcoming trading day on Sunday, 19th we expect Scream USD to open at $0.83, and during the day (based on 14 day Average True Range), to move between $0.80 and $0.91, which gives a possible trading interval of +/-$0.0552 (+/-6.42%) up or down from last closing price. If Scream USD takes out the full calculated possible swing range there will be an estimated 12.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.88 (2.82%) than the support at $0.83 (3.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Scream USD cryptocurrency A Buy?
Several short-term signals are positive, despite the cryptocurrency being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.156 Buy Candidate Upgraded
Predicted Opening Price for Scream USD of Sunday, May 19, 2024
| Fair opening price May 19, 2024 | Current price |
|---|---|
| $0.83 ( 3.31%) | $0.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCREAMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.93 | 8.22 % | |
| R2 | 0.89 | 3.81 % | ||
| R1 | 0.87 | 1.09 % | ||
| Current price: | 0.86 | |||
| Support | S1 | 0.793 | -7.72 % | |
| S2 | 0.770 | -10.44 % | ||
| S3 | 0.732 | -14.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.07 | 24.10 % | |
| R2 | 1.04 | 20.74 % | ||
| R1 | 0.88 | 2.82 % | ||
| Current price | 0.86 | |||
| Support | S1 | 0.83 | -3.00% | |
| S2 | 0.732 | -14.85% | ||
| S3 | 0.716 | -16.72% |
FAQ
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